AgriCorp, a large agricultural conglomerate, is committed to implementing sustainable procurement practices across its global supply chain. The company sources various agricultural inputs, including fertilizers, pesticides, and seeds, from numerous suppliers worldwide. AgriCorp\'s leadership recognizes the importance of integrating environmental, social, and economic considerations into its procurement decisions. They aim to reduce their environmental footprint, promote ethical labor practices, and ensure the long-term viability of their supply chain. However, AgriCorp faces several challenges, including conflicting sustainability criteria, limited supplier capacity, and potential risks in the supply chain. The company\'s procurement team is tasked with developing a sustainable procurement framework that aligns with ISO 14001:2015 and ISO 20400:2017 guidelines. They need to establish clear objectives, targets, and procedures for evaluating and selecting suppliers based on sustainability criteria. The team also needs to address the challenges of engaging suppliers, managing risks, and measuring performance. Considering the complexities of AgriCorp\'s global supply chain and the need to balance competing sustainability priorities, what is the MOST effective approach for AgriCorp to implement sustainable procurement principles?